Sensex, Nifty trade sharply higher despite geopolitical jitters
Indian equity benchmarks traded sharply higher on Friday, mirroring gains in global markets despite fresh geopolitical tensions and concerns over the closure of the Strait of Hormuz.
Indian equity benchmarks traded sharply higher on Friday, mirroring gains in global markets despite fresh geopolitical tensions and concerns over the closure of the Strait of Hormuz.
IT major Tech Mahindra on Monday denied social media rumours that it plans a large‑scale job cut, saying no such proposal is under consideration.
At the close, the Sensex settled 1,068.74 points, or 1.28 per cent, lower at 82,225.92, while the broader Nifty ended at 25,424.65, down 288.35 points, or 1.12 per cent.
At the close, the Sensex was up 266.47 points, or 0.32%, to 83,580.40, while the Nifty gained 50.90 points, or 0.20%, at 25,693.70.
Indian benchmark indices traded flat with a mild positive bias early on Monday, tracking mixed global cues and subdued year-end participation.
IT and digital solutions provider Tech Mahindra on Friday reported 21.4 per cent drop in net profit at Rs 988 crore (quarter-on-quarter) in the October-December period of FY25, from Rs 1,257 crore in the same quarter last fiscal.
GCL is the world’s largest and first-ever league-styled chess tournament is scheduled to take place from 21 June to 2nd July .
In dollar terms, net profit grew 42.2 per cent to USD 183.2 million, while revenue rose 14.6 per cent to USD 1,383.6 million from the year-ago period.
Tech Mahindra acquired 100 per cent stake in the organisation for an undisclosed sum to strengthen cloud-native development.
The acquisition is a part of Tech Mahindra's long-term plan to build presence across key markets in Ireland, Germany, the US and India with enhanced global delivery.
